Aeon Credit Service Q4 earnings up 2.8%, declares 20 sen final dividend

PETALING JAYA: Aeon Credit Service (M) Bhd’s net profit for the fourth quarter ended Feb 28, 2018 rose 2.8% to RM82.31 million from RM80.05 million a year ago driven by its consumer financing business.

Revenue grew 6.3% RM309.17 million compared with RM290.84 million in the previous corresponding quarter.

It has proposed to declare a final dividend of 20 sen per share, payable on July 19.

For the full year period, Aeon Credit’s net profit rose 13.2% to RM300.06 million from RM265.03 million a year ago, while revenue grew 12.1% to RM1.24 billion compared with RM1.10 billion.

“The company expects to be able to sustain its financial performance for the year ending Feb 28, 2019 based on the scheduled implementation of its ,” it said.

Aeon Credit’s closed unchanged at RM12.82, with some 19,500 shares done.

Source: The Sun Daily

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